The libertarian trading platform SimpleFX, renowned for allowing traders to circumvent identity verification protocols, currently offers over 60 currency pairs, as well as prime instruments from precious metals, indices and oil market.

SimpleFX trading Dashboard

Traders atSimpleFX will now be able to make deposits with Litecoin, the CFD broker confirmed in a recent public announcement.

The libertarian trading platform, renowned for allowing traders to circumvent identity verification protocols, currently offers over 60 currency pairs, as well as prime instruments from precious metals, indices and oil market. SimpleFX’s submission towards partial-to-full anonymity has ensured that it also finds its niche in the decentralised currency markets, especially Bitcoin, Ethereum and Litecoin.

With that said, the decision to include Litecoin-based account and deposit feature doesn’t actually surprise, considering the platform has already been offering LTC trading instruments — LTCUSD, LTCEUR, LTCCNY, and LTCJPY — since day-one. The cryptocurrency, which has the fourth largest market capitalisation at press time, has a dedicated development and trading community behind it. Its longevity in the cryptocurrency sector has ensured that it could — in future — prove profitable thanks to escalating adoption by the mainstream industries.

And SimpleFX sees just that! The company’s representative stated:

“Litecoin has been known as one of the most popular cryptocurrencies on the market. We have decided to introduce Litecoin based trading accounts in order to meet our traders’ expectations. We strongly believe in a great potential which Litecoin brings about the market.”

Zero-Fee

Just like Bitcoin, Litecoin accounts at SimpleFX can be opened for free. The CFD broker confirmed that the deposits and withdrawals will be commission free; and that no minimum or maximum deposit limit will be imposed. On the top of it, traders will still be able to enjoy flawless liquidity between Litecoin and other assets, including Bitcoin. An excerpt from their statement:“We have just introduced litecoin accounts that are both free and anonymous! Wondering about the deposits and withdrawals? Yes, they are free as well. And if you want a smooth transfer from your bitcoin account, it’s also commission-free!”For more information, please visitSimpleFX

Bitcoin price is surging. The price of the cryptocurrency has scaled the $700 milestone in a formidable October rally.The current rally, the likes of which hasn’t been seen since June 2016 when bitcoin price jumped from $578 on June 10 to $794 to $766 on June 16, in less than a week. At the time, demand for bitcoin rose significantly with investors turning to the cryptocurrency in anticipation of the UK’s EU referendum which saw Britain exit the European Union.

The latest jump in a near month-long sustained price swell began early this weekend. The Bitstamp Price Index (BPI) registered BTC to USD price at $687.21 at 01:45 UTC before stepping up a gear to trade at $696.52 at 02:05. A steady trading period followed before bitcoin price struck $700 at 07:45, a number unseen since June and one brief trading period on July 2. At the time of publishing, the BPI shows bitcoin price at $713.71.

Zcash is definitely one of the most awaited cryptocurrencies in terms of mining. Its promising features allow the crypto community to have high hopes for the valuation of the currency, and its CPU and GPU-friendly algorithm, Equihash, promises to keep mining in the hands of computer owners and away from large mining operations, which is extremely important in order to keep mining decentralized.

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Keep in mind that if you're counting on the coin's value to increase in the long run, it will probably be best to buy the cryptocurrency at market price and hold it for a while. If you're counting on the value to remain stable, then cloud mining may be for you. Of course, it will not be as profitable as mining itself, but it's also less stressful.